countries like russia, everybody is in this together. waiting to see what happens up there. >> you're absolutely right. we're going to be watching those international markets to see how everybody is reacting. it's this whole big chain, jim, thank you for that back home, the senate is still trying to work towards a deal as jessica just told us, senator harry reid earlier said that he is in fact hopeful about reaching a deal. listen. >> with 36 hours left until the country goes over the cliff, i remain hopeful but realistic about the prospects of reaching a bipartisan agreement. at some point in the negotiating process, it becomes obvious when the other side is intentionally demanding concessions they know the other side is not willing to make. we are not there, mr. president. so i hope that we are going to be able to go further. right now with the status of negotiations, we've are not where we can come forward and say we have this for you. >> the cnn contributor washington correspondent for the new yorker, he joins us on the phone. i know